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Colonie 12205
26 Locust Park
$240,000
● House - Off Market

26 Locust Park

Colonie, NY 12205
bedrooms
4 Beds
bathrooms
2 Baths
$1,565
Est. Monthly
10.23%
Cap Rate

About This Property

Welcome home to this charming Bungalow, located in the Village of Colonie. Home is within walking distance to Locust Park and Colonie Community Center. Convenient colonie location: Close to central ave, colonie center, shopping, restaurants etc. Close access to I-87, I-90. This 4 bedroom and 2 bath home offers hardwood floors on the first floor and tile in the kitchen and bathrooms. Spacious bedrooms, fullbath on each floor. Private backyard with many off street parking space. Newer window, roof, kitchen. Laundry on 1st floor. South Colonie Schools. A must see!
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
$294
HOA Dues
-
Year Built
1930

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Global MLS #202329044)

Price History

Date / Event Date Event Price
Apr 3, 2024 Sold
Premium
Sold
Mar 8, 2024 In contract -
In contract
Feb 23, 2024 Relisted $258,800
Relisted
Jan 10, 2024 In contract -
In contract
Jan 8, 2024 Price Decreased $258,800
↓ $6K (2.3%)
Price Decreased
Show More

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 252
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 1,385
  • Building Area: 1,385
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,385
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: N-28 E-LOCUST PK S-116-14

Neighborhood

  • School District Name: South Colonie Central School District
  • School Tax School District: SOUTH COLONIE
  • Census Tract: 013902

Zoning

  • Zoning: 42

Geography

  • Account Number: 04100800010160000000
  • District: 012601
  • Section: 41.08
  • Parcel: 012601 41.8-1-16
  • Block: 1
  • Lot: 16.000
  • Municipality: COLONIE
  • Latitude: 42.7218
  • Longitude: -73.8336

    Address

  • Full Address: 26 Locust Park
  • Address - House Number: 26
  • Address - Street Name: Locust
  • Address - Suffix Type: Park
  • State: NY
  • City Name: Albany
  • Carrier Code: C003
  • 4-Digit Zip Code: 4012
  • Zip Code: 12205

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $359,714
  • Tax Rate Code Area: 012601

    Appraisal Valuation

  • Standard Deviation: 0.1105
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 88
  • Final Value: 264,142
  • High Value: 293,348
  • Low Value: 234,935

    Market Valuation

  • Market Total Value: $182,400
  • Market Land Value: $36,480
  • Market Improvement Value: $145,920

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $93,000
  • Assessed Land Value: $18,600
  • Assessed Improvements Value: $74,400

    Sales

  • Current Sale Contract Date: Aug 25, 2015
  • Current Sale Recording Date: Sep 09, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 11903760
  • Previous Sale Recording Date: Apr 16, 1990
  • Previous Sale Contract Date: Apr 01, 1990
  • Previous Sale Amount: $104,500
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Colonie

Stats & Trends

Median Asking:

$327,000

Sale Price/ft²

$243

Above Asking

0.00%

Average Days on Market

54

Average Home Size

1383 ft²

Average Home Age

71.2 years

Currently For Sale

10 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Global MLS

Listed by: Binglin Li
KW Platform
Last Updated: 3 years ago
Data Source: Global MLS , MLS# 202329044
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 26 Locust Park built and last sold?
The property at 26 Locust Park was built in 1930 and last sold on Aug 25, 2015 for $132,000.
How much is this home worth?
The estimated value of the home located at 26 Locust Park is $0.
What are some comparable homes to 26 Locust Park?
There are currently no comparable homes to 26 Locust Park.
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